Why is Himadri Special falling/rising?

As of 30-Jun, Himadri Speciality Chemical Ltd is experiencing a rise in its stock price, currently at Rs 517.75, reflecting an increase of Rs 12.8 or 2.53%. The stock has shown strong performance recently, gaining 15.13% over the last two days and outperforming its sector by 2.01%. It has also touched an intraday high of Rs 523.05. Over the past week, the stock has surged by 17.34%, significantly outperforming the Sensex, which only increased by 2.09%. The company has demonstrated a robust ability to service its debt, with a low Debt to EBITDA ratio of 1.44 times, and has consistently reported positive results for the last 12 quarters, contributing to investor confidence.
Broader Market Context: In the context of the broader market, Himadri Speciality Chemical Ltd's short-term performance is notably strong compared to the Sensex, which has only gained 2.09% over the same period. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation, particularly from institutional investors who have increased their stake. This growing interest from institutional investors, who are typically more adept at analyzing company fundamentals, further supports the stock's upward momentum. Overall, the combination of strong financial performance, positive market sentiment, and increased investor participation has contributed to the stock's rising price.